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It's 102 now!
Oil price rose on Monday as early dollar weakness fueled commodities buying as a hedge and along with geopolitical tensions helped send crude intraday to a record-high $103.95 a barrel. U.S. light, sweet crude oil for April delivery last traded in the open outcry floor session up 71 cents, or 0.7 percent, at $102.55 a barrel, after an earlier record high of $103.95. The prior record, which was set Friday, was $103.05. more here: http://www.cnbc.com/id/23438591 Our world is getting sunken deeper and deeper each day into the capitalists grip who will do anything to make themselves richer, even it means that the world needs to suffer the results of their act of speculations that have been driving commodities prices higher. Blame the rise on the gamblers who lend money to delinquents and lazy borrowers, blame the rise on the politicians who tend to overblown any small military movements in middle-east, but yet blame it mainly on the capitalists who will stop at nothing to see their money grows each day and more than 20% yearly! OPEC (Organization of Petroleum Exporter Countries) have stated that they won't increase their productions because increasing productions will not generate any more demands. The rising oil prices are contributed mainly by speculating investors. They keep on bidding oil packages even when they will not use them and will sell their "ownerships" once they are obliged to receive them. Sounds crazy? Yes, the capitalists world is that crazy, and more. And you have to realize that the rising prices are the prices of commodities. They are largely homogenous products sold in bulk quantities and therefore supposed to be cheap. But the perceptions beyond the logic of large numbers have made their values inflated beyond common senses. I meant, why is gold so valuable? Because it is a metal that is shiny, adorable, and will not corrode in long term. If human has no sense of values for shiny things, gold will not hit US$ 992/troy ounce last week. Values and perceptions of them have made several things insanely expensive, and capitalists have found ways to hijack our consciousness that several other things must be valued based on the expensive things. That's why we have increases in crops commodities simply because they are commodities, like gold. I can keep on going and going ranting about how crazy capitalists are, but by now you probable get the point already. Capitalits are crazy bunch who we allow to hijack our consciousness; it's time to repel them, quick or slow. If not, then be prepared to pay wheat with the price of today's gold in the future. |
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This intel was contributed by Zenstrive

Zenstrive
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May, 2012
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